The World’s 30 Largest Companies by Revenue in 2026
Key Takeaways
- Amazon has overtaken Walmart to become the world’s largest company by revenue, with $717 billion in annual revenue.
- The U.S. is home to half of the world’s top 30 companies by revenue, including seven of the top 10.
- State Grid has the highest revenue ($555 billion) of any non-U.S. company.
Amazon has surpassed Walmart to become the world’s largest company by annual revenue, ending Walmart’s more than decade-long run at the top of the global ranking.
This graphic highlights the world’s 30 largest companies by revenue in 2026 using the latest available data from the Fortune Global 500. Annual revenues correspond to the most recent fiscal year ending on or before March 2026.
The Retail Giants of America
Just $3.7 billion separates Amazon and Walmart at the top of the ranking. Amazon generated $716.9 billion in annual revenue, narrowly edging out Walmart at $713.2 billion.
Walmart, the world’s largest private employer, had held the top spot in the global revenue ranking for more than a decade.
The table below ranks the world’s 30 largest companies by revenue as of 2026.
| Rank | Name | Revenues (billions $) |
|---|---|---|
| 1 |  Amazon |
716.9 |
| 2 | Walmart |
713.2 |
| 3 |  State Grid |
555.4 |
| 4 | UnitedHealth Group |
447.6 |
| 5 |  Saudi Aramco |
445.5 |
| 6 | Apple |
416.2 |
| 7 | McKesson |
403.4 |
| 8 | Alphabet |
402.8 |
| 9 | CVS Health |
402.1 |
| 10 | China National Petroleum |
401.9 |
| 11 | Berkshire Hathaway |
371.4 |
| 12 | Sinopec Group |
364 |
| 13 |  Volkswagen |
363.1 |
| 14 |  Toyota Motor |
336.3 |
| 15 | ExxonMobil Holdings |
332.2 |
| 16 | Cencora |
321.3 |
| 17 | China State Construction Engineering |
289.9 |
| 18 | Microsoft |
281.7 |
| 19 | JPMorgan Chase |
280.3 |
| 20 | Costco Wholesale |
275.2 |
| 21 | Cigna Group |
274.9 |
| 22 |  Shell |
273.7 |
| 23 |  Hon Hai Precision Industry |
260.1 |
| 24 |  Glencore |
247.5 |
| 25 |  Trafigura Group |
240.3 |
| 26 |  Samsung Electronics |
234.7 |
| 27 | Cardinal Health |
222.6 |
| 28 | Nvidia |
215.9 |
| 29 | Industrial & Commercial Bank of China |
210.6 |
| 30 | Meta Platforms |
201 |
Amazon’s growth increasingly extends beyond online retail. Amazon Web Services (AWS), digital advertising, and other businesses have helped diversify its revenue base and contributed significantly to profits.
That business mix also helps explain why Amazon is significantly more profitable than Walmart despite the two companies now generating nearly identical annual revenue.
The United States of Revenue
The U.S. accounts for 15 of the 30 companies in the ranking, including seven of the top 10. Beyond Amazon and Walmart, the country’s largest companies by revenue span healthcare, technology, energy, and finance.
UnitedHealth Group generates $448 billion in annual revenue, while tech giants Apple and Alphabet bring in $416 billion and $403 billion, respectively. Other major retailers also appear in the ranking, including Costco.
Combined, the strong showing for U.S. companies means North American firms generated 60% of the $10.5 trillion in total revenue represented by the world’s top 30 companies.
State-Owned Revenues in 2026
State Grid Corporation of China, an electricity utility and the world’s largest state-owned enterprise (SOE), generated $555 billion in revenue, more than any other non-U.S. company. However, State Grid is not the only SOE to appear among the world’s top 30.
Fellow Chinese firms China National Petroleum Corporation ($402 billion), Sinopec ($364 billion), and China State Construction Engineering Corporation ($290 billion) were all market leaders in their respective industries.
Outside of China, Saudi Aramco generated $446 billion in revenue, more than any other company in Europe, the Middle East, or Africa.
Learn More on the Voronoi App
To learn more about how the U.S. retail giants compare in annual sales, check out Which Are the Biggest Retailers in the U.S.? on Voronoi.
